MEXC Will List Graphlinq Protocol (GLQ) & Launch the 49th Session of “MX DeFi”

MEXC will list Graphlinq Protocol in the Innovation Zone & open trading for GLQ/USDT trading pair. The specific timeline is as shown below:

1.Deposit & Withdrawal: Activated

2.Trading: 20:00, April 19, 2021

Note: Prices may fluctuate greatly for projects listed in Innovation Zone, please be cautious and be aware of hidden risk of delisting.

The 49th Session of “MX DeFi” — Stake USDT, ETH, MX, BTC, KSM to Earn Yield of GLQ

The 49th Session of “MX DeFi” Yield Mining is coming! Users can stake USDT, ETH, MX, BTC & KSM to earn liquidity yield of GLQ. The staking period will last for 4 days. Details are as follow:

1. Event starting time: 20:00, April 18, 2021 (UTC+8)

2. Staking period: April 18, 2021 — April 21, 2021 (4 days in total)

3. Staking coins and yield allocation:

USDT: no hard cap; a total of 64,000 GLQ liquidity yield (20% of the yield pool)

ETH: no hard cap; a total of 64,000 GLQ liquidity yield (20% of the yield pool)

MX: no hard cap; a total of 48,000 GLQ liquidity yield (15% of the yield pool)

BTC: no hard cap; a total of 64,000 GLQ liquidity yield (20% of the yield pool)

KSM: no hard cap; a total of 80,000 GLQ liquidity yield (25% of the yield pool)

4. Participation method:

Login MXC website > “MX DeFi” > find relevant product to join

MEXC APP > Homepage > “MX DeFi” > find relevant product to join

5. Liquidity yield calculation (daily):

User’s daily yield amount = (User’s staking value/total staking value) * Yield supply of the day

For example: Suppose User A stake 10,000 MX to earn GLQ, the yield supply of T day is 12,000 GLQ for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, then, User A can earn a yield of:

(10,000 / 500,000) * 12,000 GLQ = 240 GLQ

Note:

1. Entry standard: 1 USDT, 0.01 ETH, 10 MX, 0.001 BTC, 0.1 KSM respectively

2. If users join staking on T day, he/she can unlock the coin on the T+1 day;

3. The yield is calculated daily and will be distributed to the user’s account on the next day.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store